Joint Account definition

Joint Account means an Account opened in more than one name;

Joint Account means an Account jointly maintained in 2 names and a “Joint Account Holder” means a person in whose name a Joint Account is maintained;

Joint Account means an Account opened in names of two members.

Examples of Joint Account in a sentence

• The costs of services and facilities provided by the Operator or its Affiliates shall be charged to the Joint Account on an equitable basis, provided that such charges shall not exceed the rates for comparable services available to the Joint Operations from third parties and that the prior approval of the Operating Committee is necessary if the Operator or its Affiliates wish to provide services or facilities the charges of which will individually exceed two hundred and fifty thousand Kroner (DKK 250,000).

• In case of death of an Account Holder of a Joint Account, unless a duly executed specific mandate is given for the operation of the Account by the deceased partner, Ajman Bank will allow operation or withdrawal only against succession certificate, letter of administration or probate.

• Relocation expenses at the termination of work for the Joint Operation will be based on a return to the home of record, except if the employee is relocated for the benefit of another operation, in which case the costs shall not be charged to the Joint Account.

• The terms and conditions of the Current Account / Savings Account / Investment Deposit Account / Term Deposit Accounts shall apply to the Joint Account and shall be an integral part of these Terms and Conditions and complement them in a manner that shall not prejudice the terms and conditions of the Joint Account.

• The Joint Account shall continue to be operated by two or more persons in whose name the same has been opened, and all Account Holders shall continue to have equal rights and equal obligations unless the joint account holders agree otherwise.

More Definitions of Joint Account

Joint Account means the account established and maintained by the Operator to record all Advances, expenditures and receipts in the conduct of Joint Operations;

Joint Account means the account showing the charges paid and credits received in the conduct of the Joint Operations and which are to be shared by the Parties.

Joint Account means the books of account maintained by the Operator to record all costs, expenses, credits and other transactions arising out of or in connection with the Mining Operations.

Joint Account means an Account opened in more than one name and includes an Account in the name of a partnership.

Joint Account means an account payable on request to one or more of two or more parties whether or not mention is made of any right of survivorship.

Joint Account means the account maintained in accordance with the Accounting Procedure showing the charges and credits accruing to the Participants.

Joint Account means a deposit in a financial institution in which 2 or more persons have an interest, either by way of ownership or right of withdrawal.